U.S. hotel performance dipped from the previous week but came in closer to pre-pandemic levels, according to STR‘s latest data through November 20.
November 14-20, 2021 (percentage change from comparable week in 2019*):
- Occupancy: 59.7% (-2.1%)
- Average daily rate (ADR): $126.66 (+1.7%)
- Revenue per available room (RevPAR): $75.60 (-0.4%)
Among the Top 25 Markets, Phoenix saw the largest occupancy increase over 2019 (+6.4% to 76.6%).
Oahu Island experienced the steepest occupancy decline from 2019 (-35.2% to 51.8%).
Miami reported the largest ADR increase when compared with 2019 (+25.5% to $207.72).
The largest RevPAR deficits were in San Francisco/San Mateo (-71.3% to $90.81) and Oahu Island (-37.3% to $113.55).
*Due to the steep, pandemic-driven performance declines of 2020, STR is measuring recovery against comparable time periods from 2019.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com.